Saga Communications (Saga Communications) EBIT : $9.6 Mil (TTM As of Mar. 2024)

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What is Saga Communications EBIT?

Saga Communications's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-2.1 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $9.6 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Saga Communications's annualized ROC % for the quarter that ended in Mar. 2024 was -4.13%. Saga Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -16.48%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Saga Communications's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 10.17%.

Saga Communications EBIT Historical Data

The historical data trend for Saga Communications's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Saga Communications EBIT Chart

Saga Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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19.43

-0.87

15.70

14.13

13.05

Saga Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															1.31	4.64	3.88	3.21	-2.11

Competitive Comparison of Saga Communications's EBIT

For the Broadcasting subindustry, Saga Communications's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Saga Communications's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Saga Communications's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Saga Communications's EV-to-EBIT falls into.

Saga Communications EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.6 Mil.

Saga Communications (NAS:SGA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Saga Communications's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	-9.668 * ( 1 - 26.89% )	/	( (171.569	+	170.473)	/ 2 )
=	-7.0682748	/	171.021
=	-4.13 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	232.213	-	28.029	-	( 40.177	-	max(0, 28.029	-	60.644	+	40.177	))
=	171.569

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	218.046	-	20.357	-	( 28.775	-	max(0, 20.357	-	47.573	+	28.775	))
=	170.473

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Saga Communications's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-8.456	/	( ( (51.405 + max(-7.562, 0))	+	(51.23 + max(-1.559, 0)) )	/	2 )
=	-8.456	/	( ( 51.405	+	51.23 )	/	2 )
=	-8.456	/	51.3175
=	-16.48 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(18.016	+	0	+	2.451)	-	(28.029	+	0	+	0)
=	-7.562

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(15.653	+	0	+	3.145)	-	(20.357	+	0	+	0)
=	-1.559

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Saga Communications's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	9.621	/	94.611
	=	10.17 %

Saga Communications EBIT Related Terms

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Saga Communications (Saga Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Saga Communications Inc (NAS:SGA) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SGHB:Germany

Address

73 Kercheval Avenue, Grosse Pointe Farms, MI, USA, 48236

Website

https://sagacom.com

Saga Communications Inc is a broadcast company engaged in acquiring, developing, and operating broadcast properties. The company's objective is to operate top-billing radio stations in mid-sized markets and It derives a majority of its revenue from the sale of advertising for broadcast on its stations.

Executives

Michael W Schechter	director	C/O TOWERVIEW LLC, 460 PARK AVENUE, NEW YORK NY 10022
Wayne Leland	officer: SVP of Operations	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Edward K. Christian Trust	10 percent owner	500 WOODWARD AVENUE, SUITE 4000, DETROIT MI 48226
Christopher Forgy	officer: SVP - OPERATIONS	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Michael J. Bergner	director	C/O SAGA COMMUNICATIONS, INC., 73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Towerview Llc	10 percent owner	460 PARK AVENUE, NEW YORK NY 10022
Warren S Lada	officer: Senior VP - Operations	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Gregory Dean Pearce	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Catherine A Bobinski	officer: VP, Contr & Chf Acctg Officer	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Marcia Lobaito	officer: Senior VP and Secretary	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Samuel D Bush	officer: Senior VP and CFO	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
David B Stephens	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Timothy J. Clarke	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Gary G Stevens	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236
Coppedge Roy F Iii	director	73 KERCHEVAL AVENUE, GROSSE POINTE FARMS MI 48236